New York’s New Rental Ban

landlord helpNew Yorkers have passed a law banning apartment rentals of less than 30 days.
The ban is aimed at short-term tourist rentals, as well as “transient” hotels in permanent residential buildings.
Lawmakers supporting the ban claim that  short-term rentals place needed housing options out of reach of other New Yorkers at a time of a housing shortage.
Opponents, however, claim that the action was a concession to the powerful hotel industry that has been losing out to locals who seized the opportunity to cater to budget travelers by renting out apartments to tourists.  New York boasts the highest hotel rates in the nation.
The law applies to short term sublets by tenants as well as property owners.
It exempts “bed and breakfast” arrangements, such as an elderly person who takes in a boarder, so long as the permanent resident remains at the property, and only applies to situations where money is exchanged.
Lawmakers believe this measure was needed because these short-term renters, most of them tourists, are noisy and disruptive, and pose a security risk in private buildings.  One senator defended criticism by proclaiming that enforcement will be a “no harm, no foul” scenario, where authorities will be involved only when there is a complaint.
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